Market Watch of May 14 (Tuesday)

  13 min 22 sec to read
Market Watch of May 14 (Tuesday)

Pic. Showing NEPSE Candle Stick Chart

Current Price (CMP): 1315.45

OHLC Update of 31st Baisakh:

O: 1301.34
H: 1321.00
L:  1300.96
C:  1315.45

Pivot for 1st Jestha:

S3

S2

S1

Pivot

R1

R2

R3

1,283.9

1,292.43

1,303.94

1,312.47

1,323.98

1,332.51

1,344.02

 

 

Pivot for the 5th Week of Baisakh:

S3

S2

S1

Pivot

R1

R2

R3

1,229.83

1,249.95

1,270.95

1,291.07

1,312.07

1,332.19

1,353.19

 

OHLC Update of the Month of Baisakh:

O: 1184.02
H: 1322.95
L:  1181.87
C:  1315.45

Pivot for Month of Jestha:

S3

S2

S1

Pivot

R1

R2

R3

1,082.82

1,132.34

1,223.9

1,273.42

1,364.98

1,414.5

1,506.06

 

Turnover Update:

On Month of Baisakh: 1,803.05 Crores

4th week of Baisakh (22nd – 26th): NRs. 339.7Crores

30th Baisakh: Nrs. 78.64 Crores

31st Baisakh: Nrs. 103.72 Crores

 

Commentary:

1. Today market is positive throughout the day. Along with the market other sub indices are also positive. NEPSE Market has gained 1.08%.

2. The volume today has reached 100 Crores which is higher than that of yesterday’s volume.

3. Out of 10 Sub-indices only Tradings is negative today. The noticeable change on the Sub- Indices is positive changes of Manufacturing & Processing by 3.34% and of Non-Life Insurance by 2.47%.

4. The CMP of 31st Baisakh is above the pivot of 1st Jestha likewise above the monthly pivot and the weekly pivot.

5. Comparing NEPSE Market and Sensitive we can see that the NEPSE Market has more fluctuation than the Sensitive.

 

Top 5 Scrips by turnovers:

Scrips

Turnover

Closing Price

NBL

NRs. 10.79 Crores

313

SHIVM

NRs. 8.41 Crores

546

ADBL

NRs. 7.86 Crores

416

NCCB

NRs. 5.52 Crores

259

PCBL

NRs.  4.82 Crores

381

 

Top 5 Gainers:

Scrips

LTP

Point Change

RBCL

11,055

1,005

RBCLPO

10,063

914

SHIVM

546

49

BHBL

199

15

ADBL

416

30

 

Top 5 Losers:

Scrips

LTP

Point Change

SLBS

832

-68

JOSHI

133

-7

SMB

467

-18

GIMES1

9.63

-0

SMFDB

580

-22

 

Sector Wise Summary:

Sector

Turnover Values

Turnover volume

Total Transaction

Commercial Banks

NRs. 54.96 Crores

1,800,960

4.058

Finance

NRs. 0.50 Crores

42,058

107

Hotels

NRs. 2.45 Crores

60,077

180

Manufacturing And Processing

NRs. 8.60 Crores

158,325

809

Others

NRs. 3.69 Crores

119,785

422

Hydro Power

NRs. 6.75 Crores

302.855

1,463

Non Life Insurance

NRs. 8.64 Crores

113.277

769

Development Banks

NRs. 5.26 Crores

293,587

721

Mutual Fund

NRs. 0.09 Crores

94.074

31

Tradings

NRs. 0.01 Crores

100

6

 

 

 

Pic. Showing Sensitive Candle Stick Chart

 

Analysis:

1. The CMP today is above the Pivot of 1st Jestha and the volume is higher than that of last traded volume which shows that the market is in bullish trend.

2. Observing the past days trend of candle stick pattern, it seems like “Three White Soldier”. Observing today’s candle stick pattern it is “Opening Marubozu”.

3. At the last day of the month of Baisakh, market had a long day and closed being positive which gives optimistic vision for the market.

4. Analyzing the whole month movement we can find that this month was in uptrend even though it dropped from the 3rd week till the beginning of 4th week. Now the market is in another uptrend and we can analyze that the market will be able to keep up with this uptrend.

5. the economic indicator specially GDP of next fiscal year is projected positive by the Government, Asian Development Bank, World Bank, IMF, etc. 

6. It is said that the Nepal conducted successful FDI Summit, but sucess is proven when real investment is poured into the economy from the foreign land. 

7. Inflow of remittance is positive so, the liquidity seems average to boost capital market. 

8. Market is supposed to be ranged between 1240 to 1330, break towrds either side may decide range of month Jestha. 

 

 

 

 

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